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March 30, 2018updated 29 Mar 2018 11:27am

M&As this week: FIT Hon Teng, JD Sports Fashion, Inchcape

FIT Hon Teng has agreed to acquire a 100% stake in Belkin International for $866m.

FIT Hon Teng has agreed to acquire a 100% stake in Belkin International for $866m.

Based in Taiwan, FIT Hon Teng is an electronic connector manufacturing firm, while Belkin is a consumer electronics manufacturer based in the US.

The acquisition will enable FIT Hon Teng to fortify its business in the production of interconnect solutions.

JD Sports Fashion has agreed to puchase a 100% stake in The Finish Line for $558m.

Based in the UK, JD Sports is a retailer of sports-based fashion wear and outdoor equipment, while Finish Line is a retailer of athletic shoes, apparel and accessories, based in the US.

The acquisition will allow JD Sports Fashion to expand its business and its multi-channel online retail presence across the US.

“The transaction will enable Inchcape to improve its market position and distribution businesses.”

Inchcape intends to acquire Grupo Rudelman for $284m.

Based in the US, Grupo Rudelman is engaged in the distribution of automotive goods, while Inchcape is a multi-brand automotive distributor and retailer based in the UK.

The transaction will enable Inchcape to improve its market position and distribution businesses.

Apollo Tourism & Leisure (ATL) has completed the acquisition of Camperco Group for £4.5m ($6.39m).

Based in Australia, ATL is a tourism leisure company, while Camperco provides campervan hire and motorhome rental services in the UK.

The acquisition will allow ATL to expand its operations across the UK and Europe, as well as fortify the firm’s position as an operator of recreational vehicles (RVs).

The Middleby Corporation has completed the acquisition of Ve.Ma.C. for an undisclosed sum.

Based in the US, Middleby offers products and services to the foodservice and food processing sectors, while Ve.Ma.C. is a Italy-based provider of automation and robotics solutions for the food processing lines.

The transaction will enable Middleby to expand its automation and robotics capabilities.